Star Charge Americas Corp. has entered into a Master Service Agreement (MSA) with Beneficial Holdings Inc. for the development of battery energy storage systems (BESS) projects totalling more than 32.24 GWh in capacity. The deal, valued at over $3.2 billion, covers deployments across the United States and Puerto Rico.
A response to grid congestion and rising energy demand
These projects aim to relieve pressure in regions with high grid congestion and support local economic growth in critical areas. The partnership involves a phased rollout of storage units across multiple sites, addressing growing energy demands, particularly from data centres and key infrastructure sectors.
According to Andreas Fornwald, Chief Development Officer at Star Charge Americas, the agreement marks a significant milestone for the sector: “The implications of this deal extend far beyond mere numbers. It signals a monumental shift in the U.S. energy storage industry, particularly as it relates to the burgeoning demand for data centers.”
Access to optimised tax credits via compliant suppliers
The agreement also enables both companies to optimise Investment Tax Credit (ITC) benefits by partnering with entities not classified as Foreign Entity of Concern (FEOC). This strategic alignment allows greater access to federal incentives for large-scale grid-connected projects.
Greg Senkevitch, Chief Executive Officer of Beneficial Holdings, stated that Star Charge is a critical partner in developing energy infrastructure that meets U.S. regulatory and tax criteria. The projects include stand-alone battery storage, localised power platforms, and hybrid infrastructures integrating multiple services.
Industrial presence in the United States for both firms
Star Charge Americas, headquartered in Fremont, California, also operates manufacturing facilities in Columbus, Ohio. The company develops battery storage systems, microgrid solutions, and electric vehicle (EV) charging infrastructure, with operations spanning international markets.
Beneficial Holdings Inc., based in Newark, New Jersey, is active in energy infrastructure development, grid-connected land projects, and technology-driven services in real estate and financial sectors.
